Mortgage Calculator

Use our home loan calculator to estimate your total mortgage payment, including taxes and insurance. Simply enter
the price of the home, your down payment, and details about the home loan, to calculate your mortgage payment,
schedule, and more.

Home Price

Down Payment
If your down payment is less than 20% of the home's purchase price, private mortgage insurance is required.

Loan Term

Interest Rate

Property Tax Rate

Home Insurance

Condo/HOA Fees

AdvancedSimple

Payment

Schedule

Your mortgage payments over 30 years will add up to $71,329,926.

Estimate Payment：$2155

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Down Payment

The typical rule of thumb is to pay 20 percent of the home's price as your down payment, although some mortgage
loans require as little as 3.5 percent down. Your down payment reduces the total amount of your mortgage
loan, so the more money you put down, the lower your payments will be - or the more expensive a house you
can buy.

Loan Term

Your loan program can affect your interest rate and monthly payments. Choose from 30-year fixed, 15-year fixed,
and more in the calculator.

Loan Type

There are several types of mortgage loans, but the most commonly used are fixed-rate and adjustable-rate loans.
Fixed-rate loans have the same interest rate for the entire duration of the loan. That means your monthly
payment will be the same, even for long-term loans, such as 30-year fixed-rate mortgages. Two benefits to
this loan type are stability, and being able to calculate your total interest up front. Adjustable-rate mortgages
(ARMs) have interest rates that can change over time. Typically they start out at a lower interest rate than
a fixed-rate loan, and hold that rate for a set number of years, before changing interest rates from year
to year. For example, if you have a 5/1 ARM, you will have the same interest rate for the first 5 years,
and then your interest rate will change from year to year. The main benefit of an adjustable-rate loan is
starting off with a lower interest rate.

Interest Rate

This field is pre-filled with the current average mortgage rate. Your actual rate will vary based on factors
like credit score and down payment.

Property Tax Rate

The mortgage payment calculator includes estimated property taxes based on the home's value. You can edit this
in the advanced options.

Home Insurance

Home insurance or homeowners insurance is typically required by lenders, depending on the loan program. You can
edit this number in the mortgage calculator advanced options.

HOA Fees

A homeowners association fee (HOA fee) is an amount of money that must be paid monthly by owners of certain types
of residential properties, and HOAs collect these fees to assist with maintaining and improving properties
in the association.